Wamco Clients Are Quizzed by DOJ as Ken Leech Probe Ramps Up

By Yahoo! Finance | Oct 18, 2024 at 02:00 PM EST

US authorities are investigating how Western Asset Management Co. allocated trades under Ken Leech, focusing on possible cherry-picking practices. Money managers like Fidelity, Russell, and SEI are under scrutiny, with billions withdrawn from Wamco funds.

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